Analysts Set Expectations for AAP Q2 Earnings

Advance Auto Parts, Inc. (NYSE:AAP) – DA Davidson issued their Q2 2025 earnings per share estimates for shares of Advance Auto Parts in a report released on Friday, May 23rd. DA Davidson analyst M. Baker forecasts that the company will earn $0.47 per share for the quarter. DA Davidson currently has a “Neutral” rating and a $47.00 target price on the stock. The consensus estimate for Advance Auto Parts’ current full-year earnings is ($0.46) per share. DA Davidson also issued estimates for Advance Auto Parts’ FY2025 earnings at $2.04 EPS.

Advance Auto Parts (NYSE:AAP) last posted its earnings results on Thursday, May 22nd. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.81) by $0.59. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Advance Auto Parts had a net margin of 0.41% and a return on equity of 1.82%. The firm’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.67 earnings per share.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets raised their price objective on shares of Advance Auto Parts from $40.00 to $50.00 and gave the company a “market perform” rating in a research note on Friday. Royal Bank of Canada decreased their price objective on Advance Auto Parts from $50.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group restated a “neutral” rating and issued a $48.00 price objective (up previously from $43.00) on shares of Advance Auto Parts in a report on Thursday. Truist Financial dropped their price target on Advance Auto Parts from $39.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, February 27th. Finally, UBS Group raised their price objective on shares of Advance Auto Parts from $36.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advance Auto Parts presently has an average rating of “Hold” and an average target price of $45.71.

Advance Auto Parts Stock Performance

NYSE:AAP opened at $48.70 on Monday. The firm has a 50 day moving average of $34.63 and a 200-day moving average of $40.39. The stock has a market capitalization of $2.91 billion, a P/E ratio of 66.71, a price-to-earnings-growth ratio of 1.98 and a beta of 0.93. The company has a current ratio of 1.34, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. Advance Auto Parts has a 1 year low of $28.89 and a 1 year high of $71.62.

Advance Auto Parts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, July 11th. Advance Auto Parts’s dividend payout ratio is currently -17.86%.

Insider Buying and Selling

In other Advance Auto Parts news, Director Eugene I. Lee, Jr. bought 14,640 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $34.15 per share, for a total transaction of $499,956.00. Following the acquisition, the director now directly owns 34,070 shares of the company’s stock, valued at approximately $1,163,490.50. The trade was a 75.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shane M. Okelly purchased 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $36.79 per share, for a total transaction of $55,185.00. Following the transaction, the chief executive officer now owns 183,121 shares in the company, valued at $6,737,021.59. This represents a 0.83% increase in their position. The disclosure for this purchase can be found here. 0.67% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Blue Trust Inc. lifted its position in shares of Advance Auto Parts by 75.9% during the 4th quarter. Blue Trust Inc. now owns 2,119 shares of the company’s stock worth $100,000 after buying an additional 914 shares in the last quarter. Annandale Capital LLC grew its stake in Advance Auto Parts by 46.6% in the 4th quarter. Annandale Capital LLC now owns 109,241 shares of the company’s stock valued at $5,166,000 after buying an additional 34,746 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Advance Auto Parts in the fourth quarter valued at $8,822,000. Commonwealth Equity Services LLC increased its position in shares of Advance Auto Parts by 97.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 305,622 shares of the company’s stock valued at $14,453,000 after buying an additional 150,604 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Advance Auto Parts during the 4th quarter worth approximately $34,586,000. Hedge funds and other institutional investors own 88.75% of the company’s stock.

About Advance Auto Parts

Advance Auto Parts, Inc provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks. The company offers battery accessories; belts and hoses; brakes and brake pads; chassis and climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wires; radiators and cooling parts; starters and alternators; and steering and alignment parts.